Australian inflation rate in 2006: 3.49%

Australia Inflation Calculator


Australian Inflation Rate, 2006-2017 (AU$1)

The consumer price index (CPI) in 2006 was 85.9. the Bureau of Statistics uses this CPI value to track inflation on a monthly basis.

According to the Bureau of Statistics, the dollar experienced an average inflation rate of 2.22% per year. Prices in 2017 are 27.4% higher than prices in 2006.

In other words, AU$1 in the year 2006 is equivalent to AU$1.27 in 2017, a difference of AU$0.27 over 11 years.

The current inflation rate in 2017 is 0.64%1. If this number holds, AU$1 today will be equivalent to AU$1.01 next year.

Inflation from 2006 to 2017
Cumulative price change 27.36%
Average inflation rate 2.22%
Price difference (AU$1 base) AU$0.27
CPI in 2006 85.9
CPI in 2017 109.4

AUD inflation chart from 1922 to 2017

How to calculate the inflation rate for AU$1 since 2006

Start with the inflation rate formula:

CPI in 2017 / CPI in 2006 * 2006 AUD value = 2017 AUD value

Then plug in historical CPI values. The Australian CPI was 85.9 in the year 2006 and 109.4 in 2017:

109.4 / 85.9 * AU$1 = AU$1.27

AU$1 in 2006 has the same "purchasing power" as AU$1.27 in 2017.

News headlines from 2006

Politics and news often influence economic performance. Here's what was happening at the time:

  • Nepali security forces injure 243 pro-democracy protesters.
  • North Kora is alleged to have tested its first nuclear device.

Inflation Data Source

Raw data for these calculations comes from the government of Australia's annual (CPI) as provided by the Reserve Bank of Australia. The consumer price index was established in 1922 and is tracked by Australian Bureau of Statistics (ABS).

You may use the following MLA citation for this page: “Inflation Rate in 2006 | Australia Inflation Calculator.” FinanceRef Inflation Calculator, Alioth Education, 12 Dec. 2017,

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